NEW YORK, NY, May 23, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – ILUS International Inc. (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and growing companies in the public safety, industrial, defense and renewable sectors. ILUS’ recently filed quarterly report confirms a 557% Revenue Increase, 44% Increase in Net Profit, and 630% increase in Balance Sheet over its previous year’s first quarter results.
Financial highlights from the First Quarter of 2023 report include Revenue of $19,810,011, Net Profit of $914,662 and a Balance Sheet of $251,012,532. The results further confirm the progress made by the company, while also highlighting key areas for expansion, optimization, and transformation.
“We have made progress in vital areas of the business and are pleased with the overall results as well as the prospects we have in place for the rest of 2023. Most of our businesses are affected by cyclical trends and we have solid order books in both our Industrial and Emergency Response subsidiaries, therefore we do expect substantial Quarter-on-Quarter growth through the remainder of this year. At the same time, we are working hard on several key growth areas in our Emergency Response subsidiary which we believe will have visible effect from this current quarter and increase as the year progresses,” said ILUS Managing Director, John-Paul Backwell
CEO of ILUS, Nicolas Link added, “We have once again demonstrated our ability to deliver strong results in a challenging environment. We remain focused on optimizing and improving key areas within our businesses and delivering key milestones such as the uplisting of our Industrial subsidiary to a National Stock Exchange within the coming months, before continuing onwards to exceed our annual forecasts.”
Early in June 2023, ILUS looks forward to making its next major public announcement regarding its first subsidiary uplist to a National Stock Exchange. Following this announcement, the company plans to provide an update on its second subsidiary uplist, which the ILUS Board has made progress towards following the company’s 2022 Annual Results and therefore plans to complete in 2023.
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Forward-Looking Statement Certain information set forth in this press release contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material non-public information. In this regard, investors and others should note that we announce material financial information via official Press Releases, in addition to SEC filings, press releases, Questions & Answers sessions, public conference calls and webcasts also may take time from time to time. We use these channels as well as social media to communicate with the public about our company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, considering the SEC's guidance, we encourage investors, the media, and others interested in our company to review the information we post on the following social & media channels: website: https://ilus-group.com Twitter: OTC_ILUS
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